02 Aug Coinbase now lets you buy and sell cryptocurrency using British Pounds
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Coinbase is making it easier for Brits to buy and sell cryptocurrency. The exchange desk announced it now supports Pound Sterling deposits and withdrawals natively on its platform.
In addition to eliminating frictions associated with converting funds from Euro to pounds, another benefit of having native support for the local currency is that it allows for much faster deposit and withdrawal times.
Coinbase has begun rolling this functionality to its UK customers already, but it might take a couple of days before the feature is available to all users countrywide.
The new system is currently only available in the UK, but Coinbase says it has every intention to introduce similar improvements in other countries. For now though, the rest of the world will have to wait.
“Faster Payments is a UK scheme. It is not available outside the UK,” a Coinbase spokesperson told Hard Fork. “Generally speaking, Coinbase strives to provide our customers globally…
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